Short Interest in Endeavor Group Holdings, Inc. (NYSE:EDR) Drops By 9.7%

Endeavor Group Holdings, Inc. (NYSE:EDR - Get Free Report) was the target of a significant decline in short interest during the month of April. As of April 15th, there was short interest totalling 5,510,000 shares, a decline of 9.7% from the March 31st total of 6,100,000 shares. Based on an average daily trading volume, of 4,610,000 shares, the days-to-cover ratio is presently 1.2 days. Currently, 2.9% of the company's stock are short sold.

Insider Buying and Selling at Endeavor Group

In other news, CAO Seth D. Krauss sold 17,950 shares of the stock in a transaction on Thursday, February 22nd. The stock was sold at an average price of $24.08, for a total value of $432,236.00. Following the sale, the chief accounting officer now directly owns 62,055 shares of the company's stock, valued at $1,494,284.40. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In other Endeavor Group news, CAO Seth D. Krauss sold 17,950 shares of Endeavor Group stock in a transaction dated Thursday, February 22nd. The shares were sold at an average price of $24.08, for a total value of $432,236.00. Following the completion of the transaction, the chief accounting officer now directly owns 62,055 shares of the company's stock, valued at $1,494,284.40. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, major shareholder Patrick Whitesell purchased 1,642,970 shares of the business's stock in a transaction dated Tuesday, April 9th. The shares were purchased at an average price of $89.01 per share, for a total transaction of $146,240,759.70. Following the acquisition, the insider now owns 1,642,970 shares of the company's stock, valued at $146,240,759.70. The disclosure for this purchase can be found here. Over the last 90 days, insiders sold 176,633 shares of company stock worth $4,317,277. 82.08% of the stock is owned by insiders.

Institutional Investors Weigh In On Endeavor Group

Hedge funds and other institutional investors have recently added to or reduced their stakes in the company. Exchange Traded Concepts LLC purchased a new stake in Endeavor Group in the 3rd quarter worth $215,000. Handelsbanken Fonder AB raised its stake in Endeavor Group by 41.5% during the 3rd quarter. Handelsbanken Fonder AB now owns 34,100 shares of the company's stock valued at $679,000 after purchasing an additional 10,000 shares during the period. Deltec Asset Management LLC lifted its holdings in Endeavor Group by 126.4% in the 3rd quarter. Deltec Asset Management LLC now owns 143,279 shares of the company's stock worth $2,851,000 after purchasing an additional 80,000 shares in the last quarter. Raymond James & Associates boosted its stake in Endeavor Group by 7.3% in the 3rd quarter. Raymond James & Associates now owns 97,601 shares of the company's stock worth $1,942,000 after purchasing an additional 6,668 shares during the period. Finally, Bank of New York Mellon Corp grew its holdings in Endeavor Group by 10.3% during the 3rd quarter. Bank of New York Mellon Corp now owns 281,396 shares of the company's stock valued at $5,600,000 after buying an additional 26,178 shares in the last quarter. 71.37% of the stock is owned by hedge funds and other institutional investors.

Endeavor Group Stock Performance

EDR stock traded down $0.06 during midday trading on Monday, reaching $26.44. 2,803,134 shares of the company's stock traded hands, compared to its average volume of 4,269,598. The stock's 50-day moving average is $25.40 and its 200 day moving average is $24.15. The stock has a market cap of $18.31 billion, a P/E ratio of 25.42, a PEG ratio of 1.93 and a beta of 0.82. Endeavor Group has a 52-week low of $17.65 and a 52-week high of $26.63. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.43.

Endeavor Group (NYSE:EDR - Get Free Report) last posted its quarterly earnings data on Wednesday, February 28th. The company reported $0.07 EPS for the quarter, hitting the consensus estimate of $0.07. The firm had revenue of $1.58 billion during the quarter, compared to analyst estimates of $1.55 billion. Endeavor Group had a return on equity of 1.05% and a net margin of 5.98%. As a group, analysts anticipate that Endeavor Group will post 1.27 EPS for the current year.

Endeavor Group Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Friday, March 29th. Investors of record on Friday, March 15th were paid a dividend of $0.06 per share. The ex-dividend date of this dividend was Thursday, March 14th. This represents a $0.24 dividend on an annualized basis and a dividend yield of 0.91%. Endeavor Group's dividend payout ratio (DPR) is presently 23.08%.

Wall Street Analyst Weigh In

A number of research analysts have recently issued reports on the company. TD Cowen upped their price target on Endeavor Group from $28.00 to $30.00 and gave the company an "outperform" rating in a report on Monday, March 25th. Evercore ISI reaffirmed an "in-line" rating and set a $27.50 price target (down previously from $28.00) on shares of Endeavor Group in a report on Wednesday, April 3rd. JPMorgan Chase & Co. reissued a "neutral" rating and set a $27.50 price objective (down from $30.00) on shares of Endeavor Group in a report on Friday, April 5th. Jefferies Financial Group restated a "hold" rating and issued a $27.50 target price (down previously from $29.00) on shares of Endeavor Group in a report on Thursday, April 4th. Finally, UBS Group reiterated a "neutral" rating and set a $27.50 target price (down from $31.00) on shares of Endeavor Group in a research note on Wednesday, April 3rd. Eight analysts have rated the stock with a hold rating and three have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of "Hold" and an average price target of $29.30.

Endeavor Group Company Profile

Endeavor Group Holdings, Inc operates as a sports and entertainment company in the United States, the United Kingdom, and internationally. It operates through four segments: Owned Sports Properties; Events, Experiences & Rights; Representation; and Sports Data & Technology. The Owned Sports Properties segment operates a portfolio of sports properties, including Ultimate Fighting Championship, World Wrestling Entertainment, Inc, Professional Bull Rider, and Euroleague.